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Mar 18, 2013
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the there are forced to pay a one off tax of 6.75%. and is not just the terms of the bailout making people here angry. some people feel they are being lied to. >> none of the promises they're making are real. five days ago, they were saying there was no chance for a haircut. now there is this situation than they are promising somehow we will get it back. there is no chance. >> germany has been blamed for insisting on the levee. they say they are open to changes. it includes a levy on deposits under 100,000 euro. the numbers we came up with are the base level. if there is any other way to achieve it, up to 100,000, we would not have the slightest problem. we would have to wait and see. >> given the angry reaction, there does appear to be rethinking going on behind the scenes. >> for more, we cross over live to cyprus to talk to nathan. it looks like the public backlash and international criticism are indeed forcing a rethink on this levy on bank deposits. how much room do they have? >> quite a bit of room as long as they can meet the ma
the there are forced to pay a one off tax of 6.75%. and is not just the terms of the bailout making people here angry. some people feel they are being lied to. >> none of the promises they're making are real. five days ago, they were saying there was no chance for a haircut. now there is this situation than they are promising somehow we will get it back. there is no chance. >> germany has been blamed for insisting on the levee. they say they are open to changes. it includes a levy...
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Mar 22, 2013
03/13
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that includes a controversial tax on bank accounts to fund the bailout. >> people in cyprus brave the storm to protest outside parliament ahead of a crucial few hours for the country. inside, lawmakers are voting on a series of measures designed to help the financially stricken nation meet the terms of an international bailout package. few of the plan's details are known, even to eurozone officials in brussels, but an unpopular one of tax on savings could be back on the table, particularly on bank accounts with deposits of at least 100,000 euros. the plan needs to be in place by monday when the european central bank says it will withdraw financial aid for separate -- separate -- cypriot banks. >> a lot of people will definitely lose their jobs and benefits. >> cyprus needs to raise 5.8 billion in order to qualify for the bailout. its eurozone partners in the imf would then provide 10 billion euros in rescue loans. the fund raising measures under discussion include plans to restructure the country's second biggest lender and tapping state pension assets. >> all right, our correspondent
that includes a controversial tax on bank accounts to fund the bailout. >> people in cyprus brave the storm to protest outside parliament ahead of a crucial few hours for the country. inside, lawmakers are voting on a series of measures designed to help the financially stricken nation meet the terms of an international bailout package. few of the plan's details are known, even to eurozone officials in brussels, but an unpopular one of tax on savings could be back on the table,...
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Mar 19, 2013
03/13
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." >> lawmakers in cyprus overwhelmingly reject a tax on savings. >> in syria, the government and rebels trade accusations of using chemical weapons in a village near aleppo. >> pope francis officially begins his papacy in rome with a promise to embrace the whole of humanity. >> in a vote expected to have wide ranging consequences, lawmakers in cyprus have delivered a decisive and overwhelming note to a government tax to lead the bank accounts. >> that means government cash for pensions, welfare, and health care could dry up as early as may. parliament voted less than an hour ago, following to be would days of high drama, handing the government and brussels a resounding defeat with no delegates voting in favor of the plan. 36 no votes and 19 abstentions. >> the house speaker had urged mp's to say no to blackmail in the vote on the bureau's own bailout package. his words clearly catching the angry mood in the chambers and on the streets. outside the parliament building, angry crowds also called for a no vote and held up signs, warning that other nations like italy and spain could be next
." >> lawmakers in cyprus overwhelmingly reject a tax on savings. >> in syria, the government and rebels trade accusations of using chemical weapons in a village near aleppo. >> pope francis officially begins his papacy in rome with a promise to embrace the whole of humanity. >> in a vote expected to have wide ranging consequences, lawmakers in cyprus have delivered a decisive and overwhelming note to a government tax to lead the bank accounts. >> that means...
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Mar 26, 2013
03/13
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KDTV
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. >>> los taxes son necesarios a la hora de ajustar para la reforma migratoria. si es ciudadano tiene que tener una declaraciÓn limpia. >>> y por eso vale investigar bien. >>> un operativo de seguridad de semana santa no logra detener la violencia en mÉxico. estudiantes quieren que washington permita el regreso de uno de sus compaÑeros indocumentados. y surge una luz para millones de personas que padecen diabetes. volvemos. ♪ ♪ >>> el gobierno de venezuela convocÓ a una primera subasta de dolores oficiales, para las empresas privadas que necesiten divisas para adquirir productos y materias primas en el exterior, solo podrÁn participar las empresas inscriptas en el sistema de administraciÓn de divisas, dijeron que el nuevo mecanismo es lento. el nÚmero de huelguistas aumenÓo a 28. y mÁs detenidos se unieron a la huelga de hambre en protestas a las medidas disciplinarias de vedas. 10 de ellos son alimentados por una sonda. y tres estÁn en el hospital por deshidrataciÓn. el gobierno de mÉxico quiere evitar que la violencia perjudique al turismo, sobr
. >>> los taxes son necesarios a la hora de ajustar para la reforma migratoria. si es ciudadano tiene que tener una declaraciÓn limpia. >>> y por eso vale investigar bien. >>> un operativo de seguridad de semana santa no logra detener la violencia en mÉxico. estudiantes quieren que washington permita el regreso de uno de sus compaÑeros indocumentados. y surge una luz para millones de personas que padecen diabetes. volvemos. ♪ ♪ >>> el gobierno de...
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Mar 20, 2013
03/13
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approve a levie levy -- the european union and other creditors asked cyprus to impose a bank deposit tax of up to 9.9%. in return the country would receive a bailout worth $10 billion or worth $13 billion. the cypriot issued -- the company's banks have been crippled by debt. cyprus is expected to start a fresh round of negotiations with creditors. but the two sides are unlikely to reach an agreement any time soon. >>> insurgents have sent a message on the 10th anniversary of the invags of iraq. they killed at least 50 people and wounded more than 100. a series of bombs exploded in baghdad and several other cities. militants attack with car bombs. the iraq war began before dawn on march 20th, 2003, with u.s. air strikes on the capital. members. administration of former president bush argued that iraq possessed weapons of mass destruction, but u.s. forces failed to find evidence of sum weapons. 120,000 civilians are said to have died from the fighting or from terrorism. u.s. troops pulled out of the country in 2011. >>> the economy's recovering. iraq overtook iran last year to become the s
approve a levie levy -- the european union and other creditors asked cyprus to impose a bank deposit tax of up to 9.9%. in return the country would receive a bailout worth $10 billion or worth $13 billion. the cypriot issued -- the company's banks have been crippled by debt. cyprus is expected to start a fresh round of negotiations with creditors. but the two sides are unlikely to reach an agreement any time soon. >>> insurgents have sent a message on the 10th anniversary of the invags...
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Mar 25, 2013
03/13
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. >> it is goodbye to the low-tax business model that attracted lots of money a broad, a huge number of inking jobs will go. the country's a second-biggest bank, lockheed, will be submerged into the bank of cyprus. that's a, too, will be radically structured. euros will remain frozen. 30% will be taken to help sort out the thanks debts. under this new plan, deposits under 100,000 euros will be protected. the measures will not only affect foreign investors, many will lose out as well. there are barely any provisions with -- people have been supporting themselves in old age. the deposits are now in danger. >> up to now, the people have been extremely calm. and it is the people that have been great, not the politicians in this. the first attempted to deal for cyprus was voted down by the country's parliament. this time around, there approval is not required. >> let's go now live to make who is standing by for us and has the latest. nathan, the president was scheduled to address the nation as of this hour. it is a little bit late. what is he expected to say? >> there have been three dela
. >> it is goodbye to the low-tax business model that attracted lots of money a broad, a huge number of inking jobs will go. the country's a second-biggest bank, lockheed, will be submerged into the bank of cyprus. that's a, too, will be radically structured. euros will remain frozen. 30% will be taken to help sort out the thanks debts. under this new plan, deposits under 100,000 euros will be protected. the measures will not only affect foreign investors, many will lose out as well....
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Mar 20, 2013
03/13
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. >> cypress has long been a tax haven for russian companies who have billions of euros in separate banks, but many russians who live on the island are outraged at the proposed levy on their savings. >> this country has cheated us and stolen our money. yes, stolen. it was not their money. we brought it here. we did not earn it here. >> for now, a separate account holders are relieved that parliament shot down the proposal. >> it was time to take a stand. they are sure to find a solution. the separate people are strong. we can take a lot. we have proven that before through many tough times. >> the cypriot government is still searching for any viable solution. even the country's archbishop has offered to help by digging into the pockets of the church. 17 billion euros is the son the island needs to keep afloat, approximately equivalent to the country's economic output, and it is more than the eu is willing to put up without a significant contribution from cyprus itself. >> for more, we can go now live to nicosia where our correspondent is monitoring events for us. after anchoring the russia
. >> cypress has long been a tax haven for russian companies who have billions of euros in separate banks, but many russians who live on the island are outraged at the proposed levy on their savings. >> this country has cheated us and stolen our money. yes, stolen. it was not their money. we brought it here. we did not earn it here. >> for now, a separate account holders are relieved that parliament shot down the proposal. >> it was time to take a stand. they are sure to...
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Mar 26, 2013
03/13
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we stay in europe where the tax not doing a lot on the day, eking out a slight gain. euro stoxx 50 in negative territory. the dow got a little more of a bump, mostly on positive home price data that could indicate an improving u.s. economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those countries along with those from brazil, india, and south africa are meeting for a summit to hammer out a joint strategy to harvest -- contest their growing economic power. it is likely to focus on infrastructure financing, a direct challenge to seven decades of dominance by the world bank. >> with this summit, the brits are hoping to kickstart development that will bring financial independence. the quintet say they are keen to form a counterbalance to the established powers of the world bank and international monetary fund. the group is considering a joint reserve pool worth 93 billion eu
we stay in europe where the tax not doing a lot on the day, eking out a slight gain. euro stoxx 50 in negative territory. the dow got a little more of a bump, mostly on positive home price data that could indicate an improving u.s. economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those...